73 financial statement 31 december 2011

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DAN ENTITAS ANAK / AND SUBSIDIARIES

LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS

31 DESEMBER 2011 DAN 2010

(Dengan Perbandingan 1 Januari 2010 / 31 Desember 2009)/ 31 DECEMBER 2011 AND 2010

(With Comparative 1 January 2010 / 31 December 2009)

D A N / A N D

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Pernyataan Direksi Directors’ Statement

Laporan Auditor Independen Independent Auditors’ Report

Ekshibit/ Exhibit

Laporan Posisi Keuangan Konsolidasian A Consolidated Statements of Financial Position

Laporan Laba Rugi Komprehensif Konsolidasian B Consolidated Statements of Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian C Consolidated Statements of Changes in Equity

Laporan Arus Kas Konsolidasian D Consolidated Statements of Cash Flows

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(4)

(5)

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1 Januari

2010 atau

31 Desember

2009/

31 Desember 31 Desember 1 January 2011/ 2010/ 2010 or Catatan/ 31 December 31 December 31 December/

Notes 2011 20102)

20091) 2)

A S E T A S S E T S

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 2c,2d,2y,4 201.567.663 329.768.431 167.303.590 Cash and cash equivalents Investasi pada efek 2d,2f,2y,5,34g - 605.594.159 26.862.948 Investment in marketable securities

Piutang usaha Trade receivables

Pihak ketiga – setelah dikurangi Third parties – net of allowancefor

penyisihan kerugian penurunan nilai impairment losses of Rp 5,862,368,

sebesar Rp 5.862.368 pada tahun 2011 in 2011 and Rp 3,378,644

dan Rp 3.378.644 masing-masing in 2010 and 2009,

pada tahun 2010 dan 2009 2d,2e,2y,6a 509.648.761 204.570.949 143.154.819 respectively

Pihak berelasi – setelah dikurangi Related party – net ofallowance for

penyisihan kerugian penurunan nilai impairment losses of Rp 24,000,000

sebesar Rp 24.000.000 masing-masing 2d,2e,2f,2y, in 2011, 2010 and 2009,

pada tahun 2011, 2010 dan 2009 6b,34a - - - respectively

Piutang lain-lain Other receivables

Pihak ketiga – setelah dikurangi Third parties – net of

penyisihan kerugian penurunan nilai allowancefor impairment

sebesar Rp 9.408.369 masing-masing losses of Rp 9,408,369

pada tahun 2011, 2010 dan 2009 2d,2e 48.224.664 22.083.616 9.152.228 in 2011, 2010 and 2009

Pihak berelasi 2d,2e,2f,34b 159.952.653 277.031.555 81.676.019 Related parties

Persediaan – setelah dikurangi penyisihan Inventories – net of allowance for

persediaan usang sebesar Rp 1.721.936 inventory obsolescence of Rp 1,721,936

pada tahun 2011 dan Rp 203.099 in 2011 and Rp 203,099

masing-masing pada tahun in 2010 and 2009,

2010 dan 2009 2g,7 216.520.805 200.073.120 108.785.887 respectively

Pajak dibayar di muka 2z,33a 69.698.419 35.151.846 11.224.917 Prepaid taxes

Biaya dibayar di muka 2h 11.002.176 26.329.057 3.193.877 Prepaid expenses

Aset lancar lain-lain 8 152.902.613 87.611.432 114.865.600 Other current assets

Total Aset Lancar 1.369.517.754 1.788.214.165 666.219.885 Total Current Assets

1)

Tidak termasuk angka Agri International Resources Pte. Ltd. dan Entitas Anak, PT Monrad Intan Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas Agro Perkasa yang diakuisisi oleh Perusahaan dan Entitas Anak pada Maret, April, Mei, Juni dan Desember 2010 (Catatan 1c).

1)

Excluding the accounts of Agri International Resources Pte. Ltd. and Subsidiaries, PT Monrad Intan Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi Prima and PT Sawitmas Agro Perkasa that were acquired by the Company and Subsidiaries in March, April, May, June and December 2010 (Note 1c).

2)

Disajikan kembali 2)

Restated

Lihat Catatan atas Laporan Keuangan Konsolidasian pada Ekshibit E terlampir yang merupakan bagian tak terpisahkan

dari Laporan Keuangan Konsolidasian secara keseluruhan

See accompanying Notes to the Consolidated Financial Statements on Exhibit E which are an integral part of

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Notes 2011 20102)

20091) 2)

A S E T A S S E T S

ASET TIDAK LANCAR NON-CURRENT ASSETS

Piutang pihak berelasi - setelah dikurangi Due from related parties – net of

penyisihan kerugian penurunan nilai allowance for impairment losses of

sebesar Rp 3.235.678 pada tahun 2011 Rp 3,235,678 in 2011

dan Rp 3.149.362 masing-masing and Rp 3,149,362 in

pada tahun 2010 dan 2009 2d,2e,2f,34c 2.478.675.599 1.611.029.680 266.472.346 2010 and 2009, respectively

Piutang plasma 2d,2e,2i,9 131.389.747 104.842.635 56.780.923 Due from plasma

Aset pajak tangguhan – Neto 2z,33d 166.957.935 318.264.471 18.259.296 Deferred tax assets – Net Investasi pada entitas asosiasi 2b,10a,34f 1.668.642 653.071 547.475.741 Investments in associates

Investasi pada efek ekuitas – setelah Investments in equity securities - net of

dikurangi penyisihan atas investasi yang allowance for unrecoverable

tidak dapat dipulihkan sebesar investments of Rp 511,353

Rp 511.353 masing-masing pada in 2011, 2010 and 2009,

tahun 2011, 2010 dan 2009 2d,10b 305.708.697 305.708.697 112.252.842 respectively

Tanaman perkebunan 2j,2l,2t Plantations

Tanaman menghasilkan – setelah Mature plantations - net of

dikurangi akumulasi penyusutan accumulated depreciation of

sebesar Rp 738.453.267, Rp 738,453,267, Rp 630,431,331

Rp 630.431.331 dan and Rp 347,700,684

Rp 347.700.684 masing-masing pada in2011, 2010 and 2009,

tahun 2011, 2010 dan 2009 11a 1.615.449.454 1.562.540.134 1.014.197.337 respectively

Tanaman belum menghasilkan 11b 2.086.253.130 1.899.635.422 517.148.550 Immature plantations

Aset tetap – setelah dikurangi akumulasi Fixed assets – net of accumulated

penyusutan sebesar Rp 1.024.197.514, depreciation of Rp 1,024,197,514,

Rp 901.075.377 dan Rp 371.761.734 Rp 901,075,377 and Rp 371,761,734

masing-masing pada 2k,2l, in 2011, 2010

tahun 2011, 2010 dan 2009 2r,2t,12 7.021.478.019 7.086.613.645 687.480.880 and 2009, respectively

Goodwill – setelah dikurangi penurunan nilai Goodwill – net of impairment of

sebesar Rp 58.972.605 pada tahun 2011 Rp 58,972,605 in 2011 and

dan akumulasi amortisasi sebesar accumulated amortization of

Rp 504.085.789 dan Rp 72.610.089 Rp 504,085,789 and Rp 72,610,089

masing-masing pada tahun 2010 dan 2009 2b,2l,3,13 2.845.979.175 2.904.951.780 458.510.103 in 2010 and 2009, respectively

Dana dalam pembatasan 2d,2m,14 29.070.236 58.680.458 47.433.197 Restricted funds

Proyek pengembangan usaha 2n,15 483.606.942 662.021.629 616.748.522 Business development projects

Beban tangguhan hak atas tanah - setelah Deferred cost of land rights -

dikurangi akumulasi amortisasi net of accumulated amortization

sebesar Rp 26.986.312, Rp 22.969.928 of Rp 26,986,312, Rp 22,969,928

dan Rp 6.262.321 masing-masing pada and Rp 6,262,321 in2011,

tahun 2011, 2010 dan 2009 2o,16 78.470.406 55.187.692 29.454.995 2010 and 2009, respectively Taksiran tagihan kelebihan pajak 2z,33b 24.046.320 77.928.741 33.023.544 Estimated claims for tax refund

Aset tidak lancar lain-lain 64.023.147 62.226.151 339.152 Other non-current assets

Total Aset Tidak Lancar 17.332.777.449 16.710.284.206 4.405.577.428 Total Non-Current Assets

TOTAL ASET 18.702.295.203 18.498.498.371 5.071.797.313 TOTAL ASSETS

1)

2)

Restated

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1 Januari

2010 atau

31 Desember

2009/

Notes 2011 20102)

20091) 2)

LIABILITAS LIABILITIES

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang bank jangka pendek 2d,2y,17 - 134.865.000 141.000.000 Short-term bank loan

Utang usaha 2d Trade payables

Pihak ketiga 2y,18 474.555.766 349.151.479 181.939.282 Third parties

Pihak berelasi 2f,34d 6.337.179 796.106 - Related parties

Utang lain-lain – Pihak ketiga 2d 128.369.875 29.838.305 6.177.447 Other payables – Third parties

Beban masih harus dibayar 2d,19 267.257.521 329.789.165 81.039.960 Accrued expenses

Utang pajak 2z,33c 744.811.970 527.336.051 81.865.179 Taxes payable

Utang dividen 2d,2p,20 1.561.366 1.561.366 1.528.313 Dividends payable

Uang muka penjualan 2d,21 228.785.312 192.630.382 163.560.829 Advances on sales

Utang jangka panjang jatuh tempo Current maturities of

dalam satu tahun: long-term debts:

Pinjaman jangka panjang 2d,2y,22 231.992.084 145.333.221 2.183.689 Long-term loans

Utang sewa pembiayaan 2d,2r,22 1.159.176 1.782.086 207.537 Lease payable

Utang obligasi 2d,2s,2y,24 1.358.928.570 1.629.456.557 - Bonds payable

Total Liabilitas Jangka Pendek 3.443.758.819 3.342.539.718 659.502.236 Total Current Liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Utang pihak berelasi 2d,2f,34e - 212.576.110 100.547.650 Due to related parties

Liabilitas pajak tangguhan - Neto 2z,33d 41.201.395 57.978.815 20.591.307 Deferred tax liabilities – Net Liabilitas imbalan kerja karyawan 2q,23 32.934.059 26.641.917 20.135.396 Post employment benefits obligation

Utang jangka panjang setelah dikurangi Long-term debts – net of

bagian jatuh tempo dalam satu tahun: current maturities:

Pinjaman jangka panjang 2d,2y,22 6.126.518.336 5.024.694.264 143.839.551 Long-term loans

Utang sewa pembiayaan 2d,2r,22 320.147 958.850 172.426 Lease payable

Utang obligasi 2d,2s,2y,24 - 1.289.609.975 1.456.267.459 Bonds payable

Total Liabilitas Jangka Panjang 6.200.973.937 6.612.459.931 1.741.553.789 Total Non-Current Liabilities

Total Liabilitas 9.644.732.756 9.954.999.649 2.401.056.025 Total Liabilities

1)

2)

Restated

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31 Desember 31 Desember 1 January 2011/ 2010/ 2010 or Catatan/ 31 December 31 December 31 December/

Notes 2011 20102)

20091) 2)

EKUITAS EQUITY

Ekuitas yang dapat diatribusikan kepada Attributable equity to owners

pemilik Perusahaan induk of the parent Company

Modal saham – nilai nominal Rp 100 Share capital – par value of Rp 100

(Rupiah penuh) per saham (full Rupiah) per share

Modal dasar – 15.000.000.000 saham Authorized – 15,000,000,000 shares

Modal ditempatkan dan disetor penuh - Issued and fully paid – 13,686,738,842

13.686.738.842saham, shares, 13,553,772,676 shares and

13.553.772.676 saham dan 3,787,996,935 shares

3.787.996.935 saham masing-masing in 2011, 2010 and 2009,

pada tahun 2011, 2010 dan 2009 25a 1.368.673.884 1.355.377.268 378.799.694 respectively Tambahan modal disetor – Neto 2u,26 5.546.800.864 5.489.625.413 1.572.235.622 Additional paid-in capital – Net

Saham beredar yang diperoleh kembali 2v,25b - ( 1.996.490 ) ( 1.996.490 ) Treasury shares

Selisih nilai transaksi Difference in value from restructuring

restrukturisasi entitas transactions with entities

sepengendali 2b ( 22.029.000 ) ( 22.029.000 ) ( 22.029.000 ) under common control

Rugi yang belum terealisasi atas perubahan Unrealized losses from changes in fair

nilai wajar efek-efek - ( 3.758.768 ) - value of marketable securities

Saldo laba: Retained earnings:

Dialokasikan 40.000.000 - - Appropriated

Belum dialokasikan 2.172.742.843 1.528.053.050 761.819.508 Unappropriated

Komponen ekuitas lainnya ( 112.249.936 ) ( 30.621.780 ) ( 18.986.164 ) Other equity components

Sub-total 8.993.938.655 8.314.649.693 2.669.843.170 Sub-total

Kepentingan Non-Pengendali 2b 63.623.792 228.849.029 898.118 Non-Controlling Interests

Total Ekuitas 9.057.562.447 8.543.498.722 2.670.741.288 Total Equity

TOTAL LIABILITAS DAN EKUITAS 18.702.295.203 18.498.498.371 5.071.797.313 TOTAL LIABILITIES AND EQUITY

1)

2)

Disajikan kembali 2) Restated

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PENJUALAN NETO 4.367.080.851 2x,28 2.939.628.461 NET SALES

BEBAN POKOK PENJUALAN 2.571.781.161 2x,29 1.660.937.456 COST OF GOODS SOLD

LABA BRUTO 1.795.299.690 1.278.691.005 GROSS PROFIT

Beban penjualan ( 162.608.228 ) 2x,30 ( 60.305.468 ) Selling expenses

Beban administrasi ( 413.494.608 ) 2x,30 ( 363.600.442 ) Administrative expenses

Rugi penghapusan tanaman perkebunan ( 6.963.983 ) 11a ( 3.596.729 ) Loss on written-off plantations

Laba penghapusan bunga pinjaman 721.384.451 22 525.983.198 Gain on written-off of loan interest

Penurunan nilai goodwill ( 58.972.605 ) 2b - Impairment of goodwill

Amortisasi goodwill - 2b,13 ( 171.926.418 ) Amortization of goodwill

Penghasilan keuangan 7.698.532 61.197.718 Finance income

Beban keuangan ( 580.339.666 ) 31 ( 376.105.535 ) Finance costs

Bagian laba entitas asosiasi 1.012.319 278.144 _{Share of result associates}

(Rugi) laba selisih kurs – Neto ( 125.367.731 ) 2y 192.037.050 (Loss) gain on foreign exchange – Net

Lain-lain – Neto ( 60.076.708 ) 32 ( 5.549.121 ) Miscellaneous – Net

LABA SEBELUM BEBAN PAJAK PENGHASILAN 1.117.571.463 1.077.103.402 INCOME BEFORE INCOME TAX EXPENSES

BEBAN PAJAK PENGHASILAN 2z,33d INCOME TAX EXPENSES

K i n i ( 242.963.834 ) ( 201.262.004 ) Current

Tangguhan ( 129.106.976 ) ( 67.147.209 ) Deferred

Total Beban Pajak Penghasilan ( 372.070.810 ) ( 268.409.213 ) Total Income Tax Expenses

LABA NETO TAHUN BERJALAN 745.500.653 808.694.189 NET INCOME FOR THE CURRENT YEAR

Total pendapatan komprehensif lain: Total other comprehensive income:

Exchange differences due to financial

Selisih kurs karena penjabaran laporan keuangan ( 81.628. 156 ) 2b,2y,27 ( 11.635.616 ) statements translations

Laba (rugi) yang belum terealisasi Unrealized gain (losses) from changes in fair

atas perubahan nilai wajar efek-efek 3.758.768 ( 3.758.768 ) value of marketable securities

TOTAL PENDAPATAN KOMPREHENSIF TOTAL COMPREHENSIVE INCOME

TAHUN BERJALAN 667.631.265 793.299.805 FOR THE CURRENT YEAR

Laba neto yang dapat diatribusikan kepada: Net income attributable to:

Pemilik Entitas Induk 744.889.699 805.630.446 Owners of the Parent Entity

Kepentingan Non-Pengendali 610.954 3.063.743 Non-Controlling Interests

T o t a l 745.500.653 808.694.189 T o t a l

Total pendapatan komprehensif yang dapat Total comprehensive income

diatribusikan kepada: attributable to:

Pemilik Entitas Induk 667.020.311 790.236.062 Owners of the Parent Entity

Kepentingan Non-Pengendali 610.954 3.063.743 Non-Controlling Interests

T o t a l 667.631.265 793.299.805 T o t a l

LABA NETO PER SAHAM DASAR BASIC EARNINGS PER SHARE

(DALAM RUPIAH PENUH) 54,80 2aa,35 67,56 (IN FULL RUPIAH)

LABA NETO PER SAHAM DILUSIAN DILUTED EARNINGS PER SHARE

(DALAM RUPIAH PENUH) 54,06 2aa,35 63,90 (IN FULL RUPIAH)

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Modal saham Tambahan Saham Difference in keuangan/ gain (loss) ditempatkan modal beredar value from Exchange from Kepentingan dan disetor disetor - yang restructuring differences changes non-

penuh/ Neto/ diperoleh transactions due to in fair pengendali/ Total Share capital Additional kembali/ with entities financial value of Saldo laba/ Non- Ekuitas/ Catatan/ issued and paid-in Treasury under common statements marketable Retained T o t a l/ controlling Total

Notes fully paid capital – Net shares control translations securities earnings T o t a l interest equity

Saldo per 1 Januari 2010 Balance as of 1 January 2010

disajikan sebelumnya 1) _{378.799.694 1.572.235.622 ( 1.996.490 ) (} _{22.029.000 ) (} _{18.986.164 )} _- _{761.819.508 2.669.843.170} _{898.118 2.670.741.288} _{as previously stated}1)

Dampak penerapan Effect of first adoption

awal PSAK No. 50 dan No. 55 2d,40 - - - - - - 10.895.210 10.895.210 - 10.895.210 of SFAS No. 50 and No. 55

Setelah penyesuaian 378.799.694 1.572.235.622 ( 1.996.490 ) ( 22.029.000 ) ( 18.986.164 ) - 772.714.718 2.680.738.380 898.118 2.681.636.498 As adjusted

Penerbitan saham 25 976.577.574 4.018.265.494 - - - - - 4.994.843.068 - 4.994.843.068 Right issue

Biaya penerbitan saham - ( 100.875.703 ) - - - - - ( 100.875.703 ) - ( 100.875.703 ) Stock issuance costs

Total laba (rugi) komprehensif 2b,2d Total comprehensive income

tahun berjalan 2y - - - - ( 11.635.616 ) ( 3.758.768 ) 805.630.446 790.236.062 3.063.743 793.299.805 (loss) current year

Kepentingan Non-Pengendali Non-Controlling Interest

dari Perusahaan yang diakuisisi - - - - - - 224.887.168 224.887.168 from acquired Subsidiaries

Dividen kas 2p,20 - - - - - - ( 50.292.114 ) ( 50.292.114 ) - ( 50.292.114 ) Cash dividends

Saldo per 31 Desember 2010 1.355.377.268 5.489.625.413 ( 1.996.490 ) ( 22.029.000 ) ( 30.621.780 ) ( 3.758.768 ) 1.528.053.050 8.314.649.693 228.849.029 8.543.498.722 Balance as of 31 December 2010

1) _{Tidak termasuk angka Agri International Resources Pte. Ltd. dan Entitas Anak, PT Monrad Intan Barakat, PT Citalaras} Cipta Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas Agro Perkasa yang diakuisisi oleh Perusahaan dan Entitas Anak pada Maret, April, Mei, Juni dan Desember 2010 (Catatan 1c).

1) _{Excluding the accounts of Agri International Resources Pte. Ltd. and Subsidiaries, PT Monrad Intan Barakat, PT Citalaras} Cipta Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi Prima and PT Sawitmas Agro Perkasa that were acquired by the Company and Subsidiaries in March, April, May, June and December 2010 (Note 1c).

Lihat Catatan atas Laporan Keuangan Konsolidasian pada Ekshibit E terlampir yang merupakan bagian tak terpisahkan dari Laporan Keuangan Konsolidasian secara keseluruhan

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Selisih nilai terealisasi

transaksi atas

restrukturisasi Selisih kurs perubahan

entitas karena nilai wajar

sepengendali/ penjabaran efek-efek/ Difference in laporan Unrealized Modal saham Tambahan Saham value from keuangan/ gain (loss) ditempatkan modal beredar restructuring Exchange from Saldo laba/ Kepentingan dan disetor disetor - yang transactions differences changes Retained earnings non-

penuh/ Neto/ diperoleh with entities due to in fair Belum pengendali/ Total Share capital Additional kembali/ under financial value of dialokasikan/ Non- Ekuitas/ Catatan/ issued and paid-in Treasury common statements marketable Dialokasikan/ Unappro- T o t a l/ controlling Total Notes fully paid capital - Net shares control translations securities Appropriate priate T o t a l interest equity

Saldo per 1 Januari 2011 1.355.377.268 5.489.625.413 ( 1.996.490 ) ( 22.029.000 ) ( 30.621.780 ) ( 3.758.768 ) - 1.528.053.050 8.314.649.693 228.849.029 8.543.498.722 Balance as of 1 January 2011

Cadangan umum - - - - - - 40.000.000 ( 40.000.000 ) - - - General reserve

Penerbitan saham 13.296.616 57.175.451 - - - - - - 70.472.067 - 70.472.067 Rights issue

Total laba (rugi) komprehensif Total comprehensive

tahun berjalan 2b,2d,2y - - - - ( 81.628.156 ) 3.758.768 - 744.889.699 667.020.311 610.954 667.631.265 income (loss) current year

Dividen kas 2p,20 - - - - - - - ( 60.199.906 ) ( 60.199.906 ) - ( 60.199.906 ) Cash dividend

Saham beredar diperoleh kembali - - 1.996.490 - - - - - 1.996.490 - 1.996.490 Re-issuance of shares

Kepentingan Non-Pengendali Non-Controlling Interests

setelah peningkatan after increase in

kepemilikan - - - - - - - - - ( 165.836.191 ) ( 165.836.191 ) investment

Saldo per 31 Desember 2011 1.368.673.884 5.546.800.864 - ( 22.029.000 ) ( 112.249.936 ) - 40.000.000 2.172.742.843 8.993.938.655 63.623.792 9.057.562.447 Balance as of 31 December 2011

1) _{Tidak termasuk angka Agri International Resources Pte. Ltd. dan Entitas Anak, PT Monrad Intan Barakat, PT Citalaras} Cipta Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas Agro Perkasa yang diakuisisi oleh Perusahaan dan Entitas Anak pada Maret, April, Mei, Juni dan Desember 2010 (Catatan 1c).

1) _{Excluding the accounts of Agri International Resources Pte. Ltd. and Subsidiaries, PT Monrad Intan Barakat, PT Citalaras} Cipta Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi Prima and PT Sawitmas Agro Perkasa that were acquired by the Company and Subsidiaries in March, April, May, June and December 2010 (Note 1c).

Lihat Catatan atas Laporan Keuangan Konsolidasian pada Ekshibit E terlampir yang merupakan bagian tak terpisahkan dari Laporan Keuangan Konsolidasian secara keseluruhan

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Penerimaan bunga 3.636.105 61.245.988 Receipts of interest

Pembayaran pajak penghasilan ( 135.216.950 ) ( 121.793.354 ) Payments of income tax

Pembayaran bunga ( 466.983.447 ) ( 357.914.280 ) Payments of interest

Arus kas neto diperoleh dari aktivitas operasi 1.129.280.662 955.003.351 Net cash flows provided by operating activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES

Akuisisi Entitas Anak ( 213.754.489 ) ( 2.880.532.823 ) Acquisitions of subsidiaries

Investasi pada efek - ( 609.352.927 ) Investment in marketable securities

Penambahan tanaman belum menghasilkan ( 301.032.597 ) ( 483.793.109 ) Additions in immature plantations

Investasi pada efek ekuitas - ( 193.355.855 ) Investment in equity securities

Pembelian aset tetap ( 136.169.133 ) ( 74.016.998 ) Acquisitions of fixed assets

Pembayaran pada plasma ( 26.547.112 ) ( 48.061.712 ) Payments to plasma

Penambahan proyek dalam pengembangan - ( 45.273.107 ) Increase in business development projects

Arus kas neto digunakan untuk aktivitas investasi ( 677.503.331 ) ( 4.334.386.531 ) Net cash flows used in investing activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES

Penerbitan saham melalui HMETD 70.472.067 4.994.843.068 Issuance of stock through right issue Penerimaan utang jangka panjang 2.135.362.500 1.063.424.934 Proceeds of long-term debts

Pembayaran utang jangka panjang: Payments of long-term debts:

Pinjaman jangka panjang ( 1.789.736.781 ) ( 772.918.810 ) Long-term loans

Wesel bayar dijamin pelunasannya 50.840.909 - Equity link notes

Sewa pembiayaan ( 1.261.613 ) 2.360.973 Lease payable

Kenaikan piutang pihak berelasi ( 746.808.249 ) ( 1.767.297.014 ) Increase in due from related parties

Penerimaan penjualan modal saham 1.586.000 - Proceed from treasury shares

Biaya penerbitan saham - ( 100.875.703 ) Stock issuance cost

Pembayaran dividen kas ( 60.200.000 ) ( 50.259.061 ) Cash dividends payment

(Penurunan) kenaikan utang pihak berelasi ( 212.576.110 ) 112.028.460 (Decrease) increase in due to related parties

Arus kas neto (digunakan untuk) diperoleh dari Net cash flows (used in) provided by

aktivitas pendanaan ( 552.321.277 ) 3.481.306.847 financing activities

(PENURUNAN) KENAIKAN NETO DALAM KAS NET (DECREASE) INCREASE IN CASH

DAN SETARA KAS ( 100.543.946 ) 101.923.667 AND CASH EQUIVALENTS

DAMPAK PERUBAHAN SELISIH KURS TERHADAP EFFECT OF FOREIGN EXCHANGE TO

KAS DAN SETARA KAS ( 27.656.822 ) 40.772.583 CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS PADA AWAL TAHUN 329.768.431 167.303.590 AT BEGINNING OF YEAR

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

ENTITAS ANAK YANG DIAKUISISI - 19.768.591 OF SUBSIDIARIES ACQUIRED

CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS PADA AKHIR TAHUN 201.567.663 329.768.431 AT END OF YEAR

Informasi tambahan arus kas: Supplemental cash flows information:

Reklasifikasi dari tanaman belum menghasilkan Reclassifications of immature

ke tanaman menghasilkan 175.115.468 127.146.193 to mature plantations

Reklasifikasi dari aset dalam penyelesaian Reclassifications from construction

ke aset tetap 74.294.402 19.879.150 in-progress to fixed assets

Reklasifikasi dari aset dalam penyelesaian Reclassifications from construction

ke tanaman belum menghasilkan - 5.367.450 in-progress to immature plantations

Reklasifikasi beban umum ke tanaman belum Reclassifications of general charges

menghasilkan 1.859.458 1.542.426 to immature plantations

(14)

1. U M U M 1. G E N E R A L

a. Pendirian dan Informasi Umum a. Establishment and General Information

PT Bakrie Sumatera Plantations Tbk (“Perusahaan”) didirikan di Republik Indonesia pada tahun 1911 dengan

nama “NV Hollandsch Amerikanse Plantage

Maatschappij”. Nama Perusahaan telah beberapa kali mengalami perubahan, terakhir dengan nama PT Bakrie Sumatera Plantations Tbk. Anggaran dasar Perusahaan pertama kali diumumkan dalam Lembaran Berita Negara Republik Indonesia No. 14 tanggal 18 Pebruari 1941, Tambahan No. 101. Anggaran dasar Perusahaan telah mengalami beberapa kali perubahan, antara lain dengan akta Notaris Sutjipto, S.H., M.Kn., Notaris di Jakarta, No. 98 tanggal 14 Mei 2008 mengenai perubahan seluruh anggaran dasar Perusahaan dalam rangka penyesuaian terhadap Undang-Undang Republik Indonesia No. 40 Tahun 2007 tentang Perseroan Terbatas. Perubahan tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-03156.AH.01.02 Tahun 2009 tanggal 14 Januari 2009 dan telah diumumkan dalam Berita Negara No. 18231 tanggal 14 Juli 2009, Tambahan No. 56.

PT Bakrie Sumatera Plantations Tbk ("the “Company”) was

established in the Republic of Indonesia in 1911 under the

name of “NV Hollandsch Amerikanse Plantage

Maatschappij”. The name of the Company has been changed several times, the latest being to PT Bakrie Sumatera Plantations Tbk. The articles of association of the Company were first published in the State Gazette of the Republic of Indonesia No. 14 dated 18 February 1941, Supplement No. 101. The articles of association of the Company have been amended several times, of which was covered by the Notarial deed No. 98 of Sutjipto, S.H., M.Kn., Notary in Jakarta, dated 14 May 2008, in order to be in compliance with Law No. 40 of the Republic of Indonesia of Year 2007 concerning Limited Liability Company. The changes have already been approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-03156.AH.01.02 Year 2009 dated 14 January 2009 and was published in the State Gazette No. 18231 dated 14 July 2009, Supplement No. 56.

Anggaran dasar Perusahaan mengalami beberapa kali perubahan, terakhir berdasarkan akta Notaris Aulia Taufani, S.H., Notaris pengganti dari Sutjipto, S.H., M.Kn., Notaris di Jakarta, No. 3 tanggal 1 Juni 2011 mengenai perubahan susunan Dewan Komisaris dan Direksi Perusahaan. Perubahan tersebut telah disetujui oleh Kementrian Hukum dan Hak Asasi Manusia No. AHU-AH.01.10-40060 tanggal 9 Desember 2011.

The Company’s articles of association have been amended

several times, the latest of which by the Notarial deed No. 3 dated 1 June 2011 of Aulia Taufani, S.H., substitute of Sutjipto, S.H., M.Kn., Notary in Jakarta regarding of the changes of the member’s of the Company’s Boards of Commisioners and Directors. These amendments was approval by the Minister of Law and Human Right of the Republic of Indonesia No. AHU-AH.01.10.40060 tanggal dated 9 December 2011.

Sesuai dengan Pasal 3 anggaran dasar Perusahaan, ruang lingkup kegiatan Perusahaan meliputi bidang perkebunan, pengolahan, perdagangan dan pengangkutan hasil tanaman dan produk industri, serta pabrik kertas. Saat ini, Perusahaan bergerak di bidang perkebunan, pengolahan dan perdagangan hasil tanaman dan industri.

In accordance with Article 3 of the Company’s articles of

association, the scope of its activities consists of agriculture, processing, trading and transporting of agricultural and industrial products and also paper mill. Currently, the Company is engaged in plantations, processing and trading agricultural and industrial products.

Luas tanaman perkebunan Perusahaan dan Entitas Anak adalah 124.734 hektar. Perusahaan telah beroperasi komersial sejak tahun 1911.

The Company and Subsidiaries’ planted area are 124,734 hectares. The Company started its commercial operations in 1911.

Perusahaan berdomisili di Kisaran dengan kantor pusat berlokasi di Jl. H. Juanda, Kisaran 21202, Kabupaten Asahan, Sumatera Utara, sedangkan perkebunan serta pabriknya berlokasi di Kisaran, Kabupaten Asahan, Sumatera Utara.

The Company is domiciled in Kisaran, with its head office located at Jl. H. Juanda, Kisaran 21202, Asahan District, North Sumatera, while its plantations and factory are located in Kisaran, Asahan District, North Sumatera.

Laporan keuangan konsolidasian untuk tahun yang berakhir 31 Desember 2011 yang diselesaikan dan disetujui oleh Direksi Perusahaan pada tanggal 4 April 2012.

The consolidated financial statements for the year ended 31 December 2011 that were completed and authorized by

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Public Offering of the Company’s Shares

Pada tanggal 6 Januari 1990, Perusahaan memperoleh ijin dari Menteri Keuangan Republik Indonesia dengan Surat No. SI/075/SHM/MK.10/1990 untuk melakukan penawaran umum kepada masyarakat atas 11,1 juta saham dengan nilai nominal Rp 1.000 (Rupiah penuh) per saham melalui bursa saham di Indonesia dengan harga penawaran Rp 10.700 (Rupiah penuh) per saham. Pada tahun 1997, Perusahaan melakukan pemecahan saham (stock split) 2 untuk 1 sehingga mengubah nilai nominal saham biasa dari Rp 1.000 (Rupiah penuh) menjadi Rp 500 (Rupiah penuh) serta mengumumkan sembilan saham bonus untuk lima saham lama dari tambahan modal disetor.

On 6 January 1990, the Company obtained a license from the Ministry of Finance of the Republic of Indonesia as per his Letter No. SI/075/SHM/MK.10/1990 to hold a public offering of its 11.1 million shares with par value of Rp 1,000 (full Rupiah) per share through the stock exchange in

Pada bulan Juni 1999, Perusahaan mengumumkan satu dividen saham untuk lima saham lama dari saldo laba. Pada tanggal 31 Desember 1999, Perusahaan telah mencatatkan semua saham yang ditempatkan dan disetor penuh di Bursa Efek Jakarta dan Surabaya (sekarang Bursa Efek Indonesia).

In June 1999, the Company declared a one-for-five stock dividend from retained earnings. As of 31 December 1999, the Company has listed all of its issued and fully paid shares on the Jakarta and Surabaya Stock Exchange (currently Indonesia Stock Exchange).

Pada tanggal 18 Oktober 2004, Perusahaan melakukan pemecahan saham 5 untuk 1 sehingga mengubah nilai nominal saham biasa dari Rp 500 (Rupiah penuh) menjadi Rp 100 (Rupiah penuh), dan pada tanggal 10 Nopember 2004, Perusahaan melakukan penawaran umum terbatas I dengan Hak Memesan Efek Terlebih Dahulu sebanyak 1.087.800.000 lembar saham, yang seluruh saham yang ditempatkan dan disetor penuh telah dicatatkan di Bursa Efek Jakarta dan Surabaya. Harga penawaran umum offering I through Pre-emptive Right Issues of 1,087,800,000 shares, of which all of its issued and fully paid shares had been listed on the Jakarta and Surabaya Stock Exchange. The offering price in the above limited public offering I was Rp 200 (full Rupiah) per share.

Pada tanggal 29 Agustus 2007, Perusahaan melakukan penawaran umum terbatas II dengan Hak Memesan Efek Terlebih Dahulu sebanyak 1.456.875.000 lembar saham dan disertai dengan 364.218.750 waran I yang melekat pada saham yang dikeluarkan dan yang diberikan secara cuma-cuma sebagai insentif bagi pemegang saham dengan harga pelaksanaan waran Rp 1.375 (Rupiah penuh). Penawaran umum ini telah dicatatkan di Bursa 1,456,875,000 shares, simultaneously issuing 364,218,750 warrants I accompanying the new shares issued, which are to be granted free as an incentive for the shareholders at an exercise price of the warrant of Rp 1,375 (full Rupiah), listed on the Jakarta and Surabaya Stock Exchange. The offering price in above limited public offering II was Rp 1,100 (full Rupiah) per share.

Pada tanggal 2 Pebruari 2010, Perusahaan melakukan penawaran umum terbatas III dengan Hak Memesan Efek Terlebih Dahulu sebanyak 9.454.742.337 lembar saham dan disertai dengan 630.316.155 waran seri II yang melekat pada saham yang dikeluarkan dan yang diberikan secara cuma-cuma sebagai insentif bagi pemegang saham dengan harga pelaksanaan waran Rp 530 (Rupiah penuh). Penawaran umum ini telah dicatatkan di Bursa Efek Indonesia. Harga penawaran umum terbatas III tersebut di atas adalah sebesar Rp 525 (Rupiah penuh) per saham.

(16)

1. U M U M (Lanjutan) 1. G E N E R A L (Continued)

b. Penawaran Umum Efek Perusahaan (Lanjutan) b. Public Offering of the Company’s Shares(Continued)

Sampai dengan 31 Desember 2011, hak waran II yang digunakan adalah sebesar 310.992.501 lembar saham dari sisa hak waran II sebesar 319.323.654 lembar.

Pada tanggal 31 Desember 2011, seluruh saham Perusahaan sejumlah 13.686.738.842 saham telah dicatatkan pada Bursa Efek Indonesia.

Up to 31 December 2011, the Company’s warrants II that have been exercised were 310,992,501 shares from the remaining warrants II totaling 319,323,654 shares.

As of 31 December 2011, all of the Company’s outstanding shares totaling 13,686,738,842 shares have been listed in the Indonesian Stock Exchange.

c. Struktur Perusahaan dan Entitas Anak c. The Structure of the Company and Subsidiaries

Pada tanggal 31 Desember 2011, 2010 dan 2009, Perusahaan memiliki Entitas Anak dengan kepemilikan langsung dan tidak langsung sebagai berikut:

As of 31 December 2011, 2010 and 2009, the Company had direct and indirect ownerships in Subsidiaries are as follows:

31 Desember 2011/31 December 2011 Mulai operasi

Persentase komersial/ Total aset

kepemilikan/ Start of sebelum eliminasi/

Entitas Anak/ Lokasi/ Percentage of commercial Total assets

Subsidiaries Domicile ownership operations before elimination

Kepemilikan saham secara langsung/Direct ownership:

Agri International Resources Pte., Ltd.

(Catatan 3/Note 3) Singapura/Singapore 99,02 2007 2.389.918.501

Agri Resources B.V. Belanda/Netherlands 25,00 2007 2.192.568.500

BSP Finance B.V. Belanda/Netherlands 100,00 2006 40.556.467

PT Agro Mitra Madani Jambi 85,00 2004 555.813.787

PT Agrowiyana Jambi 99,93 1998 856.388.221

Sumatera Barat/

PT Bakrie Pasaman Plantations West Sumatera 99,76 1998 1.186.068.648

Belum operasi/

PT Bakrie Rekin Bio Energy Batam 70,00 Non-operating 33.989.660

Sumatera Utara/

PT Grahadura Leidong Prima North Sumatera 99,99 2000 2.632.710.282

PT Huma Indah Mekar Lampung 96,55 1992 777.246.070

PT Nibung Arthamulia Palembang 99,99 2002 4.972.764.350

PT Sumbertama Nusapertiwi Jambi 99,99 2005 483.641.457

BSP Netherland Finance B.V.

(Catatan 3/Note 3) Belanda/Netherlands 100,00 2010 45.637

BSP Liberia B.V. Belum operasi/

(Catatan 3/Note 3) Belanda/Netherlands 100,00 Non-operating 75.528

International Rubber Investment Pte. Ltd. Belum operasi/

(Catatan 3/Note 3) Singapura/Singapore 100,00 Non-operating 7

Sumatera Utara/

PT ASD-Bakrie Oil Palm Seed Indonesia North Sumatera 50,00 2011 466.125

Kepemilikan saham secara tidak langsung/ Indirect ownership:

Agri Resources B.V. (melalui/through Agri International Resources

Pte., Ltd.) (Catatan 3/Note 3) Belanda/Netherlands 75,00 2007 2.192.568.500

AI Finance B.V. (melalui/through

Agri International Resources

Kepulauan Virgin

Bookwise Investments Ltd. (melalui/ Britania Raya/

through PT Nibung Arthamulia) British Virgin Islands 100,00 2009 1.175.628.570

Fordways Management Ltd. Kepulauan Virgin

(melalui/through PT Grahadura Britania Raya/

(17)

(Continued)

Kepemilikan saham secara tidak langsung (Lanjutan)/

Indirect ownership (continued):

Great Four International Investment Co. Ltd. (melalui/through Agri

Resources B.V.) (Catatan 3/Note 3) Mauritius 100,00 2000 341.047.898

PT Air Muring (melalui/through

PT Huma Indah Mekar) (Catatan 3/Note 3) Bengkulu 99,99 1998 529.969.825

PT Domas Sawitinti Perdana (melalui/

through PT Nibung Arthamulia) Sumatera Utara/ Belum operasi/

(Catatan 3/Note 3) North Sumatera 100,00 Non-operating 236.966.849

PT Flora Sawita Chemindo (melalui/

through PT Nibung Arthamulia) Sumatera Utara/

(Catatan 3/Note 3) North Sumatera 100,00 2008 1.029.801.090

PT Sarana Industama Perkasa (melalui/

PT Domas Agrointi Perkasa (melalui/

PT Domas Agrointi Prima (melalui/

through PT Nibung Arthamulia) Sumatera Utara/

(Catatan 3/Note 3) North Sumatera 100,00 2011 3.499.483.920

PT Sawitmas Agro Perkasa (melalui/

through PT Domas Agrointi Prima) Sumatera Utara/ Belum operasi/

PT Citalaras Cipta Indonesia (melalui/

through PT Grahadura Leidong Sumatera Barat/

Prima) (Catatan 3/Note 3) West Sumatera 99,99 2010 231.010.576

PT Monrad Intan Barakat (melalui/

through PT Grahadura Leidong Kalimantan Selatan/ Belum operasi/

Prima) (Catatan 3/Note 3) South Kalimantan 99,95 Non-operating 244.181.141

PT Julang Oca Permana (melalui/

through PT Grahadura Leidong

Prima) (Catatan 3/Note 3) Bengkulu 99,99 2004 311.872.847

PT Inti Kemitraan Perdana (melalui/

through PT Julang Oca Permana) Belum operasi/

(Catatan 3/Note 3) Bengkulu 85,00 Non-operating 29.939.467

PT Eramitra Agrolestari (melalui/ through Great Four International

Investment Co. Ltd.) (Catatan 3/Note 3) Jambi 99,99 1997 670.478.435

PT Jambi Agrowijaya (melalui/through

Great Four International Investment)

(Catatan 3/Note 3) Jambi 99,99 1999 275.636.877

PT Guntung Idamannusa (melalui/

through PT Grahadura Leidong Prima dan/

and PT Sumbertama Nusapertiwi)

(Catatan 3/Note 3) Riau 99,97 2003 1.144.119.050

Solegna B.V. (melalui/through

Agri Resources B.V.) (Catatan 3/Note 3) Belanda/Netherlands 100,00 2006 176.062.734

PT Multrada Multi Maju (melalui/through Sumatera Selatan/

Solegna B.V.) (Catatan 3/Note 3) South Sumatera 99,99 1997 649.097.418

PT Padang Bolakjaya (melalui/through Sumatera Selatan/

PT Perjapin Prima (melalui/through Sumatera Selatan/

PT Trimitra Sumberperkasa (melalui/through Sumatera Selatan/

(18)

c. Struktur Perusahaan dan Entitas Anak

(Lanjutan)

c. The Structure of the Company and Subsidiaries (Continued)

31 Desember 2010/31 December 2010 Mulai operasi

Agri International Resources Pte., Ltd.

(Catatan 3/Note 3) Singapura/Singapore 77,13 2007 548.201.410

Agri Resources B.V. Belanda/Netherlands 25,00 2007 2.053.745.628

BSP Finance B.V. Belanda/Netherlands 100,00 2006 1.728.672.771

Sumatera Barat/

PT Bakrie Pasaman Plantations West Sumatera 99,76 1998 821.414.111

Belum operasi/

Sumatera Utara/

PT Nibung Arthamulia Palembang 99,99 2002 4.054.561.901

BSP Netherland Finance B.V.*)

(Catatan 3/Note 3) Belanda/Netherlands 100,00 2010 90

BSP Liberia B.V.*) Belum operasi/

(Catatan 3/Note 3) Belanda/Netherlands 100,00 Non-operating 3.992

International Rubber Investment Pte. Ltd.*) Belum operasi/

(Catatan 3/Note 3) Singapura/Singapore 100,00 Non-operating 7

Kepemilikan saham secara tidak langsung/ Indirect ownership:

Agri Resources B.V. (melalui/through Agri International Resources

AI Finance B.V. (melalui/through

Agri International Resources

Bookwise Investments Ltd. (melalui/ Kepulauan Virgin

through PT Nibung Arthamulia) Britania Raya/

(Catatan 3/Note 3) British Virgin Islands 100,00 2009 846.815.312

Fordways Management Ltd. Kepulauan Virgin

(melalui/through PT Grahadura Britania Raya/

Leidong Prima) (Catatan 3/Note 3) British Virgin Islands 100,00 2009 194.924

Great Four International Investment Co. Ltd. (melalui/through Agri Resources B.V.)

(Catatan 3/Note 3) Mauritius 100,00 2000 232.007.019

PT Huma Indah Mekar) Bengkulu 99,99 1998 326.283.869

PT Domas Sawitinti Perdana (melalui/through Sumatera Utara/ Belum operasi/

PT Nibung Arthamulia) (Catatan 3/Note 3) North Sumatera 100,00 Non-operating 234.410.167

PT Flora Sawita Chemindo (melalui/through Sumatera Utara/

(19)

(Lanjutan) (Continued)

Kepemilikan saham secara tidak langsung (Lanjutan)/

Indirect ownership (continued):

PT Sarana Industama Perkasa (melalui/

PT Domas Agrointi Perkasa (melalui/through Sumatera Utara/ Belum operasi/

PT Nibung Arthamulia) (Catatan 3/Note 3) North Sumatera 100,00 Non-operating 317.812.524

PT Domas Agrointi Prima (melalui/through Sumatera Utara/ Belum operasi/

PT Nibung Arthamulia) (Catatan 3/Note 3) North Sumatera 100,00 Non-operating 3.296.470.613

PT Sawitmas Agro Perkasa (melalui/through Sumatera Utara/ Belum operasi/

PT Domas Agrointi Prima) (Catatan 3/Note 3) North Sumatera 100,00 Non-operating 1.010.878.460

PT Citalaras Cipta Indonesia (melalui/through

PT Grahadura Leidong Prima) Sumatera Barat/

(Catatan 3/Note 3) West Sumatera 99,99 2010 201.047.271

PT Monrad Intan Barakat (melalui/

through PT Grahadura Leidong Kalimantan Selatan/ Belum operasi/

Prima) (Catatan 3/Note3) South Kalimantan 99,95 Non-operating 388.629.308

PT Julang Oca Permana (melalui/

through PT Grahadura Leidong

Prima) (Catatan 3/Note 3) Bengkulu 99,99 2004 121.487.474

PT Inti Kemitraan Perdana (melalui/through Belum operasi/

PT Julang Oca Permana) (Catatan 3/Note 3) Bengkulu 85,00 Non-operating 22.650.023

PT Eramitra Agrolestari (melalui/through

Great Four International Investment Co. Ltd.)

PT Jambi Agrowijaya (melalui/through

Great Four International Investment)

PT Guntung Idamannusa (melalui/through

PT Grahadura Leidong Prima

dan/and PT Sumbertama Nusapertiwi) Riau 99,97 2003 1.289.609.903

Solegna B.V. (melalui/through Belanda/

Agri Resources B.V.) (Catatan 3/Note 3) Netherlands 100,00 2006 142.113.976

PT Multrada Multi Maju (melalui/ Sumatera Selatan/

through Solegna B.V.) (Catatan 3/Note 3) South Sumatera 99,99 1997 411.154.736

PT Padang Bolakjaya (melalui/through Sumatera Selatan/

PT Perjapin Prima (melalui/through Sumatera Selatan/

PT Trimitra Sumberperkasa (melalui/through Sumatera Selatan/

(20)

c. Struktur Perusahaan dan Entitas Anak

(Lanjutan)

c. The Structure of the Company and Subsidiaries (Continued)

Belanda/

BSP Finance B.V. Netherlands 100,00 2006 1.783.877.780

Sumatera Barat/

PT Bakrie Pasaman Plantations West Sumatera 99,76 1998 680.841.508

Belum operasi/

Sumatera Utara/

PT Nibung Arthamulia Palembang 90,00 2002 256.391.916

Kepemilikan saham secara tidak langsung/Indirect ownership:

Kepulauan Virgin

Bookwise Investments Ltd. (melalui/ Britania Raya/

through PT Nibung Arthamulia) British Virgin Islands 100,00 2009 145.992.130

Kepulauan Virgin

Fordways management Ltd. (melalui/ Britania Raya/

through PT Grahadura Leidong Prima) British Virgin Islands 100,00 2009 94.000

PT Huma Indah Mekar) Bengkulu 99,99 1998 226.751.778

PT Guntung Idamannusa (melalui/

through PT Grahadura Leidong Prima

dan/and PT Sumbertama Nusapertiwi) Riau 100,00 2003 912.419.977

Kegiatan usaha Entitas Anak adalah sebagai berikut: The Subsidiaries are engaged in the following operating

activities:

Kegiatan usaha Entitas Anak/Subsidiaries Operating activities

Perusahaan investasi. Agri International

Resources Pte., Ltd.

Investment company.

Perusahaan investasi. Agri Resources B.V. Investment company.

Jasa keuangan, didirikan dalam rangka penerbitan utang obligasi Senior Notes.

BSP Finance B.V. Financial services, established for issuing

bonds payable - Senior Notes.

Pengolahan minyak kelapa sawit. PT Agro Mitra Madani Oil palm processing.

Perkebunan kelapa sawit di Tungkal Ulu, Jambi seluas 4.686 hektar dengan masa umur HGU sampai dengan tahun 2039.

PT Agrowiyana Oil palm plantations in Tungkal Ulu, Jambi of

4,686 hectares with useful life of landrights until 2039.

Perkebunan kelapa sawit di Air Balam dan Sungai Aur, Pasaman, Sumatera Barat masing-masing seluas 5.350 hektar dan 4.370 hektar dengan masa umur HGU masing-masing sampai dengan tahun 2038 dan tahun 2039, dan pengolahan minyak kelapa sawit.

PT Bakrie Pasaman Plantations Oil palm plantations in Air Balam and Sungai

Aur, Pasaman, West Sumatera of

5,350 hectares and 4,370 hectares,

(21)

(Lanjutan) (Continued)

Kegiatan usaha Entitas Anak/Subsidiaries Operating activities

Bio diesel. PT Bakrie Rekin Bio Energy Bio diesel.

Perkebunan kelapa sawit dan pengolahannya yang terletak di Sukarame Baru, Kecamatan Kuala Hulu, Aek Kanopan, Labuhan Batu, Sumatera Utara seluas 8.323 hektar dengan masa umur HGU sampai dengan tahun 2038.

PT Grahadura Leidong Prima Oil palm plantations and their processing located in Sukarame Baru, Kecamatan Kuala Hulu, Aek Kanopan, Labuhan Batu, North Sumatera of 8,323 hectares with useful life of landrights until 2038.

Perkebunan karet dan pengolahannya di Panumangan Baru, Tulang Bawang Tengah, Lampung seluas 4.407 hektar dengan masa umur HGU sampai dengan tahun 2010 dan 2019. HIM sudah mengajukan permohonan pepanjangan atas HGU yang masa umurnya habis pada tahun 2010 tersebut dan saat ini masih dalam proses perpanjangan di kantor

Badan Pertanahan Nasional Republik

Indonesia.

PT Huma Indah Mekar Rubber plantations and processing in

Panumangan Baru, Tulang Bawang Tengah, Lampung of 4,407 hectares with useful life of landrights until 2010 and 2019. HIM already submitted the request for renewal of Landrights ended in 2010 and currently still in process in Badan Pertanahan Nasional Indonesia.

Pengolahan dan perdagangan hasil

perkebunan karet.

PT Nibung Arthamulia Processing and trading of rubber plantations crop.

Perkebunan dan pengolahan kelapa sawit

yang terletak di Desa Arang-Arang,

Kecamatan Kumpeh Ulu, Kabupaten Muaro Jambi, Jambi seluas 7.555 hektar dengan masa umur HGU sampai dengan tahun 2025.

PT Sumbertama Nusapertiwi Oil palm plantations and its processing located in Desa Arang-Arang, Kecamatan Kumpeh Ulu, Kabupaten Muaro Jambi, Jambi of 7,555 hectares with useful life of landrights until 2025.

Perusahaan investasi. BSP Netherland Finance B.V. Investment company.

Perusahaan investasi. BSP Liberia B.V. Investment company.

Perusahaan investasi. International Rubber

Investment Pte., Ltd.

Jasa keuangan. AI Finance B.V. Financial services.

Jasa keuangan, didirikan untuk tujuan administrasi utang obligasi Senior Notes yang diterbitkan oleh BSP Finance B.V.

Bookwise Investments Limited Financial services, established for

administration of bonds payable - Senior Notes issued by of BSP Finance B.V.

Jasa keuangan. Fordways Management Limited Financial services.

Perusahaan investasi. Great Four International

Investment Co., Ltd.

Perkebunan karet dan pengolahannya yang terletak di Jalan Desa Air Muring, Putri Hijau Sebelat, Bengkulu Utara seluas 3.639 hektar dengan masa umur HGU sampai dengan tahun 2026.

PT Air Muring Rubber plantations and processing in Jalan

Desa Air Muring, Putri Hijau Sebelat, North Bengkulu of 3,639 hectares with useful life of landrights until 2026.

Bergerak di bidang industri pengolahan minyak inti sawit. Saat ini dalam persiapan operasi dengan kapasitas 500 ton per hari yang berlokasi di Kuala Tanjung, Sumatera Utara.